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The average US tariff rate severely understates the actual tariff rates applied to Chinese goods.
1The trade-weighted average tariff is one of the standard measures of the tariff rate.
That reduced the average tariff rate to just 1.3percentt.
The standard way of calculating this tariff rate is to divide total tariff revenue by the total value of imports.
This will be the case whenever the tariff rate on the final product is greater than the tariff on inputs.
The Chinese average tariff rate currently stands at about 9.8% compared with a US average tariff rate of 3.4%.
In the scenario with low RG and limited flexibility the flat tariff does fairly well.
Under a flat tariff there is no possibility to influence EV charging activity.
This is the simple average effective tariff rate.
The left panel of Fig. 3 depicts the aggregate charging loads of an EV fleet under a flat tariff.
A flat tariff avoids load synchronization, but at the same time unused flexibility potentials deteriorate system efficiency.
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